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#1359265 - 03/17/10 06:52 PM HPML Test
Lady Vols Fan Offline
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Joined: Jul 2009
Posts: 81
Why would the rate spread be NA on the HPML calculator? Does that mean it is not an HPML?

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#1359280 - 03/17/10 07:02 PM Re: HPML Test Lady Vols Fan
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
The calculator will only display a rate spread percentage if the APR exceeds the applicable threshold.

NA means the APR did not exceed the threshold therefore the loan would not be a HPML.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1359283 - 03/17/10 07:04 PM Re: HPML Test Lady Vols Fan
Here4Life Offline
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Joined: Feb 2010
Posts: 121
NA means you do not have a HPML.

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